Waki: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Waki
Largest movements
- Receivables within one year -€422,890
down €422,890 (-24.8%), from €1.7m to €1.3m
of which Other amounts receivable: -€570,526
- Other debts -€520,949
down €520,949 (-44.2%), from €1.2m to €658,796
- Tax, wage and social debts +€98,244
up €98,244 (+400.2%), from €24,547 to €122,790
of which Taxes: +€100,354
- Profit (loss) carried forward +€80,049
up €80,049 (+13.0%), from €615,462 to €695,511
- Debts after one year -€79,251
down €79,251 (-24.1%), from €328,547 to €249,297
- Financial income +€200,000
new in 2025: €200,000
- Gross operating margin -€142,026
down €142,026 (-82.3%), from €172,523 to €30,497
- Staff costs +€23,018
up €23,018 (+26.0%), from €88,568 to €111,586
- Taxes -€8,318
no longer reported in 2025 (was €8,318)
- Depreciation -€2,000
down €2,000 (-11.3%), from €17,667 to €15,667
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,765,170 | €5,356,787 | -€408,383 | -7.1% |
| Fixed assets | 21/28 | €4,037,665 | €4,021,999 | -€15,667 | -0.4% |
| Tangible fixed assets | 22/27 | €619,491 | €603,824 | -€15,667 | -2.5% |
| Land and buildings | 22 | €619,491 | €603,824 | -€15,667 | -2.5% |
| Financial fixed assets | 28 | €3,418,174 | €3,418,174 | = | 0.0% |
| Current assets | 29/58 | €1,727,504 | €1,334,788 | -€392,716 | -22.7% |
| Amounts receivable within one year | 40/41 | €1,705,752 | €1,282,862 | -€422,890 | -24.8% |
| Trade receivables | 40 | €536,856 | €684,492 | +€147,636 | +27.5% |
| Other amounts receivable | 41 | €1,168,896 | €598,370 | -€570,526 | -48.8% |
| Cash at bank and in hand | 54/58 | €19,762 | €49,582 | +€29,820 | +150.9% |
| Deferred charges and accrued income | 490/1 | €1,991 | €2,344 | +€354 | +17.8% |
| Total equity and liabilities | 10/49 | €5,765,170 | €5,356,787 | -€408,383 | -7.1% |
| Equity | 10/15 | €4,144,198 | €4,224,247 | +€80,049 | +1.9% |
| Contributions | 10/11 | €2,943,607 | €2,943,607 | = | 0.0% |
| Reserves | 13 | €585,128 | €585,128 | = | 0.0% |
| Distributable reserves | 133 | €585,128 | €585,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,462 | €695,511 | +€80,049 | +13.0% |
| Amounts payable | 17/49 | €1,620,972 | €1,132,540 | -€488,432 | -30.1% |
| Amounts payable after more than one year | 17 | €328,547 | €249,297 | -€79,251 | -24.1% |
| Financial debts | 170/4 | €328,547 | €249,297 | -€79,251 | -24.1% |
| Amounts payable within one year | 42/48 | €1,285,847 | €876,665 | -€409,181 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €78,191 | €79,351 | +€1,160 | +1.5% |
| Trade debts | 44 | €3,364 | €15,728 | +€12,364 | +367.5% |
| Suppliers | 440/4 | €3,364 | €15,728 | +€12,364 | +367.5% |
| Taxes, remuneration and social security | 45 | €24,547 | €122,790 | +€98,244 | +400.2% |
| Taxes | 450/3 | €12,993 | €113,347 | +€100,354 | +772.4% |
| Remuneration and social security | 454/9 | €11,554 | €9,444 | -€2,110 | -18.3% |
| Other amounts payable | 47/48 | €1,179,745 | €658,796 | -€520,949 | -44.2% |
| Accrued charges and deferred income | 492/3 | €6,578 | €6,578 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €88,568 | €111,586 | +€23,018 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,667 | €15,667 | -€2,000 | -11.3% |
| Other operating charges | 640/8 | €7,572 | €8,103 | +€531 | +7.0% |
| Gross operating margin | 9900 | €172,523 | €30,497 | -€142,026 | -82.3% |
| Operating profit (loss) | 9901 | €58,717 | -€104,858 | -€163,576 | |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €15,394 | €15,092 | -€302 | -2.0% |
| Recurring financial charges | 65 | €15,394 | €15,092 | -€302 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €43,323 | €80,049 | +€36,726 | +84.8% |
| Income taxes | 67/77 | €8,318 | - | -€8,318 | |
| Profit (loss) for the period | 9904 | €35,005 | €80,049 | +€45,044 | +128.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,005 | €80,049 | +€45,044 | +128.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.